Xperi (NYSE:XPER) Earns "Sell (E+)" Rating from Weiss Ratings

Key Points

• Xperi's stock received a continued "sell (E+)" rating from Weiss Ratings, reflecting ongoing concerns about its performance.
• The stock was downgraded by multiple analysts recently, with ratings shifting from "buy" to "hold" from Wall Street Zen and "strong-buy" to "hold" from Zacks Research.
• Xperi reported a net earnings of ($0.11) EPS for the quarter, matching analysts' consensus estimates, with total revenue slightly below expectations at $105.93 million.

Xperi (NYSE:XPER - Get Free Report)'s stock had its "sell (e+)" rating reiterated by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

XPER has been the topic of a number of other reports. Wall Street Zen downgraded shares of Xperi from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Zacks Research cut shares of Xperi from a "strong-buy" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Reduce".

Xperi Trading Up 2.3%

Xperi stock traded up $0.15 during trading hours on Wednesday, reaching $6.73. 188,208 shares of the stock were exchanged, compared to its average volume of 379,524. The company has a market cap of $311.33 million, a P/E ratio of -84.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.50 and a current ratio of 2.50. Xperi has a twelve month low of $5.68 and a twelve month high of $11.07. The stock has a 50 day moving average price of $6.18.

Xperi (NYSE:XPER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.11). The firm had revenue of $105.93 million for the quarter, compared to the consensus estimate of $105.94 million. Xperi had a negative net margin of 0.79% and a positive return on equity of 1.26%.

About Xperi

Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Product, and Intellectual Property Licensing. The company invents, develops, and delivers various technologies. It licenses audio, digital radio, imaging, edge-based machine learning, and multi-channel video user experience solutions to consumer electronics customers, automotive manufacturers, or supply chain partners.

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